Housing wealth is about one half of household net worth, and consumption is a considerable fraction (about two thirds …) of Gross Domestic Product in the United States. Empirically, movements in housing wealth are associated with movements in … wealth and consumption are linked together. A sizable portion of the comovement between housing wealth and consumption …

wealth late in life, contrary to the predictions of a simple life-cycle model. In this project, we examine cross … U.S., while in another group, in Northern Europe, retirees spend down their wealth much more rapidly. Second, it appears …

The “retirement saving puzzle” is a phenomenon in which many households U.S. households have significant wealth late in … the United States, while in Northern Europe, retirees spend down their wealth much more rapidly. Second, it appears that …

This paper studies the role of pensions and income taxes in determining homeownership and household wealth. It provides … have similar incomes per capita but very different homeownership rates, with the US and Australia having much higher … homeownership compared to Germany. The question is to what extent the observed differences in homeownership are induced by national …